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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's go to Christina Quino, treat you that, let's do stockovers. Yes,

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Speaker 3: the first one is interesting to me. Christina Qino, thank

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Speaker 3: you so much for joining us managing enter for markets Live.

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Speaker 3: Next Star tell us what next Star is and what

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Speaker 3: are they doing?

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Speaker 1: Next Star? Yeah, TV station operator, and this is an

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Speaker 1: M and A story basically, Paul, because they just agreed

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Speaker 1: on a deal to buy fellow TV station operator Tegna

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Speaker 1: for three and a half billion dollars in cash. So

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Speaker 1: that value is taking at twenty two dollars a share,

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Speaker 1: a forty four percent premium to the Tegno stock price

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Speaker 1: on August eighth, that's when we first got reports of

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Speaker 1: this merger happening. And so this is a move that

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Speaker 1: you know, we'll expand Next Star has reached you about

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Speaker 1: what eighty percent of US households taking that sixty four stations,

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Speaker 1: so it will give it access to those stations as well.

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Speaker 1: And you know, both of these have cited regulatory changes

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Speaker 1: as the main catalyst for this move. There have been

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Speaker 1: recent court rulings that could pay the way for mergers,

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Speaker 1: particularly in the media space. Perhaps there's some resistance to

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Speaker 1: that previously, but looks like the door is open now

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Speaker 1: for deals in this space for sure.

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Speaker 3: Alan and Company representing the seller here, which I find

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Speaker 3: interesting because Allen Company hosts the Alana Company Media conference

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Speaker 3: every July at West and that's where a lot of

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Speaker 3: these deals get hatched and you oftentimes see it, you know,

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Speaker 3: six months twelve months later, deal announced. So it's interesting

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Speaker 3: to see they got paid here. Anyway, I used to

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Speaker 3: cover both of these stocks, and it is really a

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Speaker 3: function of President Trump looking to loosen further regulatories in

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Speaker 3: terms of how many stations you're allowed to own.

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Speaker 1: So that's a direct timing on it.

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Speaker 3: Thanks you perfect. How about Intel, Yeah, let's start.

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Speaker 1: We got to talk about Intel today. Paul's a ticker

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Speaker 1: I NTC. Those shares are you hanging on? I know

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Speaker 1: they're up, as Charlie Pellett mentioned, more than seven percent

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Speaker 1: at the moment. And so the latest on that is,

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Speaker 1: of course SoftBank agreeing to take a two billion dollars

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Speaker 1: stake in the company. That's after a report that the

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Speaker 1: Trump administration itself is a discussion to take a stake

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Speaker 1: of about ten percent in the US ship maker, So

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Speaker 1: a lot of interested parties in Intel, and generally the

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Speaker 1: analyst commentary around this is that is a positive, but

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Speaker 1: there are still a number of questions around Intel's prospects.

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Speaker 1: Bloomberg Intelligence, for instance, saying that there is confidence in

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Speaker 1: Intel's turn around now, but the risks won't immediately fade.

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Speaker 1: And what Bush actually arguing that the government taking a

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Speaker 1: direct stake could inhibit Intel's ability to maximize shareholder value.

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Speaker 1: So we'll see how that story plays out, but for today,

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Speaker 1: it's a positive one. And retailer needs kicked off home

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Speaker 1: depot big absolutely, Lisa home Depot, well, that's also an agreed,

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Speaker 1: so took her. HD shares are currently extending a now

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Speaker 1: up more than three percent from the opening bell there.

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Speaker 1: And you know, the main there is really the comparable sales,

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Speaker 1: so that return to growth in the second quarter, it's

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Speaker 1: up one percent versus three and a half percent declines

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Speaker 1: from a year earlier, but it did fall short of

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Speaker 1: analyst estimates. They were looking for a one point three

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Speaker 1: to nine percent growth rate. Now, we did hear from

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Speaker 1: CFO Richard McPhail saying that Americans are not taking on

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Speaker 1: large fixer upper projects at the moment. They're opting for

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Speaker 1: smaller home projects in the meantime, hence that moderate comp

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Speaker 1: sales versus what analysts are expecting. Bloomera Intelligents is saying

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Speaker 1: that there is weakness in big ticket categories like kitchen

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Speaker 1: and bath, which is a headwind, but there is investment

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Speaker 1: in other areas like their online store, their supply chain,

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Speaker 1: which means that home Depot probably well placed for.

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Speaker 3: A market rebound.

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Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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